regulation: A Vast Anti-Consumer Conspiracy - 07/30/09 06:31 AM
Today another new disclosure law goes into effect. This one is called the Mortgage Disclosure Improvement Act, or MDIA, and it really doesn't add much except additional time to the process. You must wait so many days after each set of disclosures to move on to the next step such as ordering the appraisal, signing loan docs, and so on. The MDIA doesn't actually improve the disclosures as the name would suggest, it just adds some waiting periods to the disclosures we already have.This new regulation got me thinking about the sheer number of disclosures that are required in any loan … (2 comments)

regulation: Finally, Regulation that Makes Sense - 01/26/09 07:53 AM
I've never liked the argument between more regulation and less regulation. Neither of those is the answer. What we need is better regulation that actually addresses the problem without bogging down the industry. I've written plenty about new regulations I don't like, but now I've found one that really seems to make sense.The Federal Housing Finance Agency, which regulates Fannie and Freddie, announced the new rules last week. Starting in January of 2010 individual mortgages will include loan-level identifiers on the lender, loan officer and appraiser who were involved. This means that we will be able to track the performance of … (1 comments)


Bela Toledo, CPA

Grants Pass, OR

More about me…

McMichael & Toledo, CPAs

Address: 544 NE E Street, Grants Pass, OR, 97526

Office: (541) 244-2192

Mobile: (541) 660-2479



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